Until Meredith Bjorck joined Dallas-based retailer Tuesday Morning Corp. in January 2013, the company had faced significant financial challenges without the assistance of in-house counsel. Bjorck, the corporation’s senior vice president, general counsel and secretary, has played a key role in advising top executives—most of them new to the company—on a turnaround strategy while she has worked to establish the company’s first-ever legal department.
Gary Friedman, a senior partner in the New York City office of Weil, Gotshal & Manges and one of Tuesday Morning’s outside counsel, says that shortly before Bjorck joined the corporation, it had announced an approximately $42 million inventory write-down and a six-month net loss of $21.5 million. “It was kind of like jumping into a mosh pit,” Friedman says of Bjorck’s move.
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